The Game Has Changed: 15% Of All Office Space Inquiries Are For Flexible Office Now

For as long as there have been office leases, tenant rep brokers have earned the highest commissions when their clients have been burdened with the least flexibility — by committing to the most space for the longest term.

That conflict is fading away as tenant demand shifts to address hybrid work styles and tenants seek new ways of consuming real estate services, said Simon Moore, chief operating officer of Serendipity Labs, an international workplace operator that provides an upscale network of outsourced workplace services in urban and suburban markets across the U.S. and UK. ..

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RSK: Interesting that it says a company can use 27% less space than a conventional office setup but nothing mentioned of the cost. Is it the same as before, less or more in the long run? What I see that is flexible is the lease terms.